Business How Naira Performed Against the Dollar This Week

L

LequteMan

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This week, the Nigerian naira depreciated against the dollar by 30% to close at 281. The currency had started the week at 199, before the Central bank of Nigeria launched the flexible interbank market on Monday.

naira dollar chart.PNG


At the parallel market, the currency traded between a band of 345 and 335 to the greenback.
 
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